Royal Bank Of Canada Increases CES Energy Solutions (TSE:CEU) Price Target to C$11.00

CES Energy Solutions (TSE:CEU) had its price target increased by equities researchers at Royal Bank Of Canada from C$10.00 to C$11.00 in a note issued to investors on Thursday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective suggests a potential upside of 23.73% from the stock’s previous close.

Several other research firms also recently issued reports on CEU. National Bankshares raised shares of CES Energy Solutions from a “sector perform” rating to an “outperform” rating and set a C$14.50 price target for the company in a research report on Thursday, July 3rd. National Bank Financial raised shares of CES Energy Solutions from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 2nd. Two research analysts have rated the stock with a Strong Buy rating and four have issued a Buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of C$10.68.

CES Energy Solutions Stock Performance

Shares of CEU stock opened at C$8.89 on Thursday. The company has a market cap of C$1.95 billion, a price-to-earnings ratio of 11.11, a price-to-earnings-growth ratio of 0.61 and a beta of 0.88. CES Energy Solutions has a 52 week low of C$5.59 and a 52 week high of C$10.20. The company has a quick ratio of 1.78, a current ratio of 2.82 and a debt-to-equity ratio of 57.26. The firm has a 50 day moving average of C$8.45 and a 200-day moving average of C$7.26.

About CES Energy Solutions

CES Energy Solutions Corp provides consumable chemical solutions throughout the lifecycle of the oilfield. This includes solutions at drill-bit, at point of completion and stimulation, at wellhead and pump-jack, and to the pipeline and midstream market. Its geographical segments are the United States and Canada, of which the majority of its revenue comes from the United States.